President Donald Trump stated on July 8, 2026, that he considers the ceasefire with Iran to be over and described ongoing negotiations as a "waste of time." This announcement follows a peace deal signed three weeks prior, which Trump referred to as an "unconditional surrender." The context of his remarks comes after the U.S. conducted new strikes on Iran in response to renewed Iranian attacks on commercial ships in the Strait of Hormuz. Trump made these comments during a NATO summit in Turkey, expressing his frustration with Iran. Following his statements, the price of Brent crude oil increased by 6%, reaching nearly $79, surpassing pre-war levels. Additionally, the U.S. revoked a general license that allowed the sale of Iranian oil, contributing to uncertainty in global oil supply.
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Trump Declares Iran Ceasefire Over, Calls Negotiations a Waste of Time
President Trump announced that he considers the ceasefire with Iran to be over and criticized ongoing negotiations as ineffective. His comments followed U.S. military strikes on Iran and resulted in a significant increase in oil prices. The U.S. also revoked a license for Iranian oil sales, adding to market uncertainty.
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Trump says Iran ceasefire "over" and talks a "waste of time"
Trump Declares Iran Ceasefire Over, Calls Negotiations a Waste of Time